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Strategies & Market Trends : Guidance and Visibility

AAPL 274.65

+1.9%

2:08 PM EST

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To: hotlinktuna who wrote (165240)	10/7/2007 5:09:03 PM
From: lexi2004	Read Replies (2) of 208838

If anyone wants to be in ABAT since many of these China stocks have ramped lately, here's one way to get in even now and have the potential for gains. Looking at the last move up, I did fibs of 4.01 to the high of 8.38. You can also see the chart below. 7.40 is the 24% retrace. If I wanted to play this, I'd buy my smallest partial here. For the sake of argument, let's say 100 shares for if this stock goes to 12, that's over $450 profit. Next fib is 6.71, so if it dropped to there I would buy 200. 3rd fib retrace is 6.20, so I'd buy 400 shares there. 4th fib is 5.68 and that would be for 800 shares. 4.95 is the 79% retrace and not so sure it's going there. Now doing this should get me in at a decent average. Of course you can do it anyway you want, but looking at the stock it has more than doubled in a short time, so would want to be very careful getting in for what goes up fast often comes down just as fast. Lexi

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